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ASE.V ·

One Year Extension to Expiry Date of Warrants

Share Capital & Compensation

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

FOR IMMEDIATE RELEASE April 24, 2018

Vancouver, British Columbia – April 24, 2018 – Asante Gold Corporation (CSE:ASE/ FRANKFURT:1A9/OTC:ASGOF) (“Asante Gold” or the “Company”) announces that the Company has extended the expiry date of 6,115,000 share purchase warrants for an additional year. All the other terms and exercise conditions of the warrants remain the same as issued.

WARRANT SERIES NUMBERNUMBER OF WARRANTS IN SERIESEXERCISE PRICE (unchanged)ORIGINAL EXPIRY DATENEW EXPIRY DATE
April 2016-011,000,000$0.2528 Apr 201828 Apr 2019
May 2016-01 and 03A600,000$0.256 May 20186 May 2019
May 2017-BW-01 and BW-02165,000$0.1531 May 201831 May 2019
May 2017-01, 02, 05 to 08, 09A and 09B, 10A to 10H, 11 to 134,350,000$0.1531 May 201831 May 2019

On behalf of the Board

"Douglas R. MacQuarrie"

President and CEO

For further information please contact:

Douglas MacQuarrie, President and CEO, tel: +1 604-558-1134; E-mail: [email protected] Doreen Kent, Shareholder Communications, tel: +1 604-948-9450; E-mail: [email protected] Florian Riedl-Riedenstein, Director; European Investor Relations, E-mail: [email protected] Additional information is available on our web site at: www.asantegold.com LEI Number: 529900F9PV1G9S5YD446

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.